Reporting & Investor-readiness
A parallel management view of your Turkish numbers, in TFRS (IFRS-converged) format with IAS 29 inflation accounting handled. Quarterly for Builder, monthly for Enterprise. Built so a Big-4 auditor or an institutional investor picks it up without rework.
What it is
Turkish companies keep statutory books under the Turkish Uniform Chart of Accounts (Tek Düzen Hesap Planı) for tax purposes. That format is correct for the Revenue Administration and useless for a foreign board or an institutional investor. We run a parallel management view on Turkish Financial Reporting Standards (TFRS), which the Public Oversight Authority (KGK) has converged with IFRS, with IAS 29 hyperinflation accounting applied since fiscal year 2023. Quarterly for Builder, monthly for Enterprise. P&L, balance sheet, cash flow, the KPIs your board actually looks at, a clean reconciliation back to statutory, and the supporting schedules a buyer or auditor asks for during DD. The format is built so the next audit, financing, or M&A round picks it up without you scrambling to rebuild four years of numbers in three weeks.
Two parallel tracks
The Turkish tax authority reads the statutory chart. Your parent CFO, your board, your investors, and your auditor read the TFRS / IFRS view. The reconciliation bridge between the two is documented and refreshed each period.
Tek Düzen Hesap Planı
KGK-adopted, IFRS-converged
IAS 29 since 2023
Türkiye triggered IAS 29 (TMS 29) hyperinflation accounting from fiscal year 2023 when cumulative three-year inflation crossed the 100% threshold. Non-monetary balance-sheet items (PP&E, inventory, equity) are restated to current purchasing power using the consumer price index (TÜFE). Comparatives are rebased. The income statement is restated. The tax side has its own separate inflation-adjustment regime under Article 298 of the Tax Procedure Law. We apply both, document the methodology, and produce numbers a Big-4 auditor accepts on the first pass.
IAS 29 / TMS 29
The hyperinflation standard. Applied when 3-year cumulative inflation exceeds 100%.
TÜFE index
The consumer price index used as the restatement basis.
Article 298
Tax Procedure Law inflation adjustment, applied separately on the tax side.
How we do it
Monthly cadence on Enterprise, quarterly on Builder. The annual TFRS statutory accounts pack handles any audit.
Reporting design
Chart-of-accounts mapping agreed up front: every line in the Turkish statutory book mapped to the management / IFRS view your parent's CFO uses. KPIs (gross margin, ARPU, cohort retention, payroll cost ratio) defined. Reporting format chosen (PDF pack, Excel, BI dashboard, or all three).
TFRS adjustments layered
After the monthly statutory close, the TFRS adjustments are layered on: IFRS 15 revenue recognition (point-in-time vs over-time), IFRS 16 leases (right-of-use assets and lease liabilities), IAS 19 severance accrual under projected unit credit, IAS 21 foreign-currency translation, IAS 29 inflation restatement.
Pack production
Monthly or quarterly management pack produced: P&L, balance sheet, cash-flow statement, KPI dashboard, variance vs budget and prior period. Notes on material items. Reconciliation bridge from statutory to TFRS attached.
Delivery
Delivered as PDF and Excel (and optional BI dashboard) within the agreed window after period-end. Audit-ready file maintained in parallel so any external auditor can walk the numbers without rework.
Year-end and audit support
Annual TFRS statutory accounts prepared for any statutory or voluntary audit. Big-4 or local auditor coordinated. Audit adjustments incorporated and reflected in the management view.
What's included
Key facts
Bundled in
Pricing
Included in Builder (quarterly) and Enterprise (monthly). Annual TFRS statutory audit support priced separately based on auditor and scope.
Related services
Monthly bookkeeping under the Turkish Uniform Chart of Accounts, every statutory filing on its statutory date, run by a licensed Turkish CPA on the e-fatura and e-defter rails. Built so your investors and your CFO can read it.
A clean, indexed virtual data room and an in-the-room responder for your next financing or M&A round, on the Türkiye side. Assembled before the question is asked, defended through closing.
The arm's-length study, the annual file, and the form filed with your corporate-tax return. Built to OECD and Article 13 standards so the Revenue Administration finds nothing to adjust.
Free 30-minute discovery call. We'll match the right services to your stage and come back with a fixed-fee proposal.
